Bay Area Estate And Tax Planning Law Firm
The good news is this number just went up. Currently you can give away $14,000 per individual per year and not pay gift tax penalties.Even better, any gifts of $14,000 or less do not count towards your total $5.45 million total exemption (this number represents the...
Many parents and grandparents want to help their children and grandchildren out financially and not have to put the money into a trust for later use.Gifting thousands of dollars is easy to do when your children are grown adults and know how to handle money. But what...
Here's a central reality regarding trust administration in California and across the United States: Individuals who establish trust vehicles (such persons are often termed trustors or settlers) as planning tools intended to benefit others often appoint trust...
"A deterrent effect" and a signal "that fraud will not be tolerated." Such are the words employed by the Internal Revenue Service on an agency website page chronicling the objectives of the department's Criminal Investigation Division (most often delineated by the...
Wills are an essential part of estate planning. A clearly written, comprehensive will can certainly relive grieving family members of confusion and misunderstandings. But what happens after the will is drafted and then changed due to the influence of a loved one,...
Over the last few years, multiple U.S. companies have come under heavy criticism by federal officials for their reliance on elaborate tax-savings strategies, such as inversions. For those unfamiliar with inversions, they involve U.S.-based companies merging with...
If you are nearing retirement and have been saving diligently, the time is come to enjoy the fruits of your labor. Of course, you deserve the benefit of tax deferred savings, but the federal government may be just as interested in your money if you don’t withdraw it....
While many people envision San Francisco as a primary destination for tech companies and one of America's most thriving metropolitan areas, this wasn't necessarily the case just a few years ago. Indeed, during the height of the recent recession the city saw an...
Now that summer is here, many parents are wondering how to keep their children active and productive. For older teenagers, the answer may be to get a summer job. There are many benefits to seasonal work, including earning spending money and getting an introduction...
Possible tax deductions can arise in relation to a wide range of different activities. This includes activities related to real estate. One real-estate-related action a person may be able to claim tax deductions in connection to is the selling of their home. Examples...